European Union agriculture ministers will discuss how to facilitate exports of Ukrainian grain during a meeting in Brussels on Tuesday as they continue to assess the damage from recent Russian strikes on Kyiv’s port infrastructure.
(Bloomberg) — European Union agriculture ministers will discuss how to facilitate exports of Ukrainian grain during a meeting in Brussels on Tuesday as they continue to assess the damage from recent Russian strikes on Kyiv’s port infrastructure.
They will have to address objections from several East European countries that have said they don’t plan to allow imports of Ukrainian grain when a current ban expires in mid-September.
Russia attacked various Ukrainian regions with drones during the night, targeting Kyiv with drones for the sixth time this month. All Shahed drones were shot down before they approached the capital, said Serhiy Popko, the head of regional military administration.
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Markets
Wheat extended a surge to the highest level in five months after Russia attacked a port on the Danube river in Ukraine, intensifying efforts to cripple a vital export route for Ukrainian grain to reach world markets.
Wheat futures climbed as much as 2.6% in Chicago to $7.7725 a bushel, the highest since Feb. 21. Futures jumped by the exchange limit the previous day. Corn for December delivery rose as much as 0.7%.
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